Fintech expert says blockchain can aid radical national transformation

A United Kingdom-based Fintech professional, Muhammed Moshood, has recommended the wholesome blockchain technology adoption to address many challenges of the Nigerian state.

He stated this during a presentation at the 10th Annual Convention of the Association of Communications Scholars and Professionals (ACSPN) held recently in the nation’s capital, Abuja, Nigeria.

Moshood, a Senior Marketing advisor at SureGroup, a leading Fintech company out of Africa noted that blockchain technology, which powers the cryptocurrency, can potentially improve the endemic governance challenges, tackle the spate of economic problems and improve the social, civil and cultural sectors.

He added that service delivery is the cornerstone of public service, and with corruption eating deep into the fabric of the country, perpetrated by some politicians and members of the public service community, blockchain immutability and transparency features could prevent leaks and steady quality service delivery to the people of Nigeria, while ensuring that electoral processes are genuinely free and fair.

The Fintech expert furthered that “Bitcoin (BTC), the most valuable cryptocurrency, is a metaphor for economic development and financial inclusion,” adding that CREATOR ECONOMY is a new frontier that will shape the future, and Nigeria must be adequately prepared to accelerate its socio-economic sectors, leveraging its youthful population and talents.

Moshood, who also doubles as a blockchain and development researcher with academic engagements across world-class institutions, including most recently Kent Business School, the University of Kent, Canterbury United Kingdom, added that implementation of the newly launched National Blockchain policy, as well as other policies is sacrosanct and must be done intensely as well.